Russia’s large pipe mills seen operating at 36% capacity in 2014
Dec 13, 2013 | 10:25 AM
MOSCOW Russias large-diameter pipe producers will likely keep capacity utilization rates low in 2014 after project tenders expected from state-run gas company JSC Gazprom failed to materialize.
The facilities are expected to operate at capacity utilization rates of 36 percent next year, up from 32 percent in 2013, Oleg Kalinskiy, head of the Russian Pipe Industry Development Fund, said Dec. 10.
Russian pipemakers, including JSC Chelyabinsk Pipe Rolling Plant (ChelPipe), United Metallurgical Co. (OMK) and OAO Severstal, this year have felt the effects of weak demand from Gazprom, the chief consumer of large pipes in the country, as the gas exporting giant completed old projects but has yet to start any major new ones.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.